Acceptable Property Types
Please note the property has to be confirmed as being acceptable for mortgage security purposes in the professional valuation report for the Society. If you have a property type which is not detailed below, please contact your local mortgage manager today for more information.
Alternatively, please complete the call me back page and one of our mortgage managers will contact you.
Acceptable properties – Residential & Buy to Lets/Holiday Lets
Type | Residential | Buy-to-Let |
---|---|---|
Freehold houses & Bungalows of Standard construction |
Yes |
Yes |
New Build houses subject to no cash incentives / builder deposits |
Yes |
Yes |
Former local Authority house |
Yes |
Yes |
Right to buy – houses of standard construction only |
Yes |
Yes |
Grade II listed buildings subject to valuation |
Yes |
Yes |
Leasehold houses , Bungalows, flats and maisonettes of standard construction purpose build or converted (unexpired lease term at valuation a minimum of 50 yrs) |
Yes |
Yes |
Flats subject to no cash incentives/builder deposit and no resale issues raised by the valuer. Up to 3 floors/11 metres in total. |
Yes |
Yes |
Converted flats up to 3 floors/11 metres - subject to conversion being undertaken with full planning regulation consent and that there are no onerous conditions contained with in the lease and that the building is being professional managed. |
Yes |
No |
Flats above commercial premises |
Will consider please contact one of our managers |
Will consider please contact one of our managers |
Modern timber framed properties with external brick skin |
Yes |
Yes |
Solar panels provided that the following applies: |
Yes |
Yes |
EPC Certificate required: BTL needs to be E or above |
Yes |
Yes |
Private water supply subject to certification for the water supply being sustainable and fit for human consumption by a suitably qualitied Hydrologist. |
Yes |
Yes |
Properties subject to Agricultural tie & Section 106 occupancy restrictions |
Yes |
Yes |
Properties that have previously flooded with a suitable flood insurance cover available on normal commercial terms. |
Yes |
Yes |
Properties with Land |
Yes |
Holiday lets please refer |
Unacceptable properties – Residential & Buy to Lets/Holiday Lets
Type |
---|
Freehold flats and maisonettes |
Studio flats |
Flats in blocks over 3 storeys |
Properties in Scotland & N I |
Local Authority built flats and maisonettes |
Non traditional construction ex local authority properties. |
Properties that have previously flooded |
Properties with Possessory title |
Houses with a flying freehold |
Former local Authority Maisonettes and flats |
Shared ownership properties |
Wimpey No fines construction in good condition |
Properties with 100% flat roof |
Acceptable properties – Self Build, Barn conversions/Renovation
Type | Residential | Buy-to-Let |
---|---|---|
Freehold houses & Bungalows of Standard construction |
Yes |
Yes |
Modern timber framed properties with external brick skin. |
Yes |
Yes |
Traditional builds. |
Yes |
Yes |
Properties with Thatched roof. |
Yes |
Yes |
Modern Oak Frame properties – Refer to Society manger. |
Yes |
Yes |
Modern steel frame properties subject to valuers comments. |
Yes |
Yes |
SIPS (Structurally Insulated Panels) – With an external cladding of Brick, Brick Slip Finish, Cement/Polymer render or Cement Weatherboard. |
Yes |
Yes |
Septic Tank – Where a shared septic tank is in place, the society will consider these subject to a formal documented responsibilities being in place for all parties in respect of maintenance and repair/replacement and conformation that the tank fully complies with statutory requirements. |
Yes |
Yes |
Partially built properties (subject to) |
Yes |
Yes |
Plots/properties subject to 106 agreements. |
Yes |
Yes |
Grade II listed buildings subject to valuation. |
Yes |
Yes |
Private water supply subject to certification for the water supply being sustainable and fit for human consumption by a suitably qualified Hydrologist. |
Yes |
Yes |
Second Homes – Where the property will be occupied by the borrower, typically as a Holiday/Weekend home. |
Yes |
Yes |
Unacceptable properties – Self Build, Barn conversions/Renovation
Type |
---|
Properties with Possessory Title. |
A group development, e.g. builder/development offering multiple plots. |
High Alumina Cement. |
Land only where no building planned or commenced. |
House subject to Flying Freehold. |
Properties that are reported to be contaminated land or within a contaminated land area. |
Please contact your local mortgage manager today for more information.
Alternatively, please complete the call me back page and one of our mortgage managers will contact you.